International Monetary Fund

International organisation

International Monetary Fund (Under CC License)

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had SDR477 billion.

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During recent meetings in Washington, Indian officials are learnt to have warned of possible embarrassment for the multilateral agency as they made the point..
Credit: IndiaTimes - Published 2 days ago

The International Monetary Fund will grant Mozambique a $118.2 million credit facility to help it rebuild infrastructure after a devastating cyclone that killed..
Credit: Reuters - Published 2 days ago

An “agreement in principle” between Pakistan and the International Monetary Fund (IMF) over a bailout package has been reached, the country’s state..
6 days ago • WorldNews
General News Bithumb has received $200 million in funding from Japan’s ST Blockchain Fund, allowing Blockchain Exchange Alliance (BXA) to expand..
6 days ago • WorldNews
The International Monetary Fund will not be able to help Venezuela deal with its economic crisis until a "large majority" of its members decide who to recognize..
Credit: Reuters - Published 1 week ago

International Monetary Fund Managing Director Christine Lagarde said on Saturday accountability, transparency and effective communication were key components for..
Credit: Reuters - Published 1 week ago

WASHINGTON (AP) — With global growth slowing and many countries struggling with high debts, now is not the time for the “self-inflicted” economic wound of..
1 week ago • WorldNews
In a popular TV series, a fictional Ukrainian president gets so drunk at a dinner with the head of the International Monetary Fund that he throws her into a..
Credit: Reuters - Published 1 week ago

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